#Breaking : Nasdaq 100 dropped 0.65% after Fed Chair Warsh’s comments on AI.

Key statement:
“The extraordinary capital expenditure we’ve seen in AI infrastructure is impressive, but we are beginning to see early signs of overcapacity in the supply chain , particularly in memory semiconductors and related components.
The productivity gains from AI are real, but the pace of investment may be running ahead of actual monetization in many cases. We should be cautious about assuming every AI-related project will deliver the returns the market currently prices in.”
This triggered fresh selling in memory and semiconductor stocks.
$NVDA down -0.85%
$MU down 7%
$SNDK down 12.50%
$WDC down 7.5%
$INTC down 5%